DDE to Host Diamond Finance Seminar Series

DDEDubai: he Dubai Diamond Exchange (DDE) has announced the launch of its Dubai Diamond Finance Seminar Series, which are designed to educate participants about Dubai’s diamond financing options.

The inaugural Dubai Diamond Finance Seminar will take place on October 25.

Davy Blommaert, unit head precious metals and diamonds at National Bank of Fujairah, and Peter Meeus, executive chairman of the Dubai Diamond Exchange, will moderate the discussions.

“DMCC Tradeflow has revolutionized the lending market for Dubai’s Diamond industry. Our Loans for Diamonds solution and our Shariah-compliant commodity Murabaha module, ensure commodity traders have access to transparent and efficient trade and finance mechanisms,” said Sanjeev Dutta, director of DMCC Tea Centre and DMCC Tradeflow, who will present at the seminar.

Aditya Gandhi, director of Azure Diamonds and Dilip Mehta CEO of Rosy Blue, representatives of two of the world’s largest diamond manufacturers, will present at the seminar. “There is a drought when it comes to finance options available to diamond buyers on a global scale. However, local lenders in Dubai are making finance options available. This will no doubt attract many companies, specifically rough diamond traders, to the Emirate,” Mehta said.

The United Arab Emirates’ increasing influence in the global diamond trade was cemented when it was announced that the country would assume the chair of the Kimberley Process in 2016.